There are no economic data pronouncements scheduled for today, but the beginning of America’s vaccination program along with renewed prospects for a workable fiscal stimulus plan have lifted the spirits of many investors and moved global equity indices up along with them. There’s also been some positive overnight news on a possible Brexit-related trade agreement between the United Kingdom and the European Union.
In early trading, Treasury prices have fallen somewhat with the Ten-Year’s yield up to almost 94 basis points with the Long Bond around 1.67%. On the short end, the Two-Year is little changed at around 13 basis points. DJIA futures points to a strong, triple-digit green opening while gold’s $15 decline has that price at $1,825. Crude oil has gained about a half-dollar to just over $47. The FOMC meets Tuesday and Wednesday of this week.